Support Center

Notice about the upcoming Ethereum Merge

What is Ethereum Merge?

The Merge is a technical upgrade that will shift Ethereum's existing proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model. This move will lay the groundwork for future scalability upgrades. This is a hard fork upgrade and hence there's a possibility of creation of a new token.

Expected Timeline

The Merge will occur in two steps, Bellatrix consensus layer upgrade and Paris execution layer upgrade.
  • Bellatrix consensus layer upgrade: Ethereum will introduce PoS via Beacon Chain, a separate network outside of Ethereum Mainnet. Bellatrix consensus layer upgrade is set to take place at epoch 144,896 on the Beacon Chain. This is expected to occur on September 6, 2022 at 11:34:47 UTC.
  • Paris execution layer upgrade: ETH-PoW chain's migration to the ETH-PoS chain will occur when the Ethereum Mainnet hits the Terminal Total Difficulty (TTD) value of 58750000000000000000000. The execution layer upgrade (Paris) is expected to take place between 10-20th September 2022. Current estimation lies at theETH mainnet block height of 15,540,293, or approximately at16:10 UTC on 15th September 2022.

Delta Exchange's stance to The Merge

ETH and ERC-20 Deposits and Withdrawals

Delta Exchange will suspend native ETH & ERC-20 tokens, BSC and BEP-20 deposits and withdrawals at approximately one hour before the Paris execution layer upgrade, i.e. 00:00 UTC, 15 Sep 2022. Post the Merge, ETH, ERC-20 tokens and BEP-20 tokens deposits and withdrawals will be reinstated as soon as possible.

Trading of ETH and ERC-20 Tokens

Trading of ETH and ERC-20 tokens in spot, futures or options will remain un-impacted.

ETH Options Strike Adjustment

Delta Exchange does not plan to adjust ETH options' strikes or open positions in the event one or more forked ETH-PoW blockchains emerge after the Merge. According to learnings from the past forks with respect to BTC and ETH, leading crypto platforms do not adjust perpetual or futures contracts prices after a hard/soft fork. To align with our peers, we plan to 1 not adjust strike prices in options. Furthermore, the settlement price of the ETH options will be based on ETH price on the PoS chain. We however reserve the right to change our current stance as per our Special Events Handling Policy.

Support for New PoW ETH Tokens

There's a small possibility that after the Merge, one or more PoW forks of the Ethereum blockchain may emerge. Delta Exchange does not plan to support these PoW tokens. If you have any ETH in your Delta Wallets, post the Merge, you will only get the ETH-PoS token and no other hard forked tokens. Should you wish to get access these potential new tokens, you should withdraw your ETH from Delta Exchange before the Merge.

The "ETH" ticker will be used for ETH-PoS token after the Merge.

Important notes

  1. Delta Exchange reserves the right to update its stance in response to the Merge in a further announcement.
  2. It is your responsibility to understand the implications of the Merge. Delta Exchange is not liable for any losses incurred.
  3. Should you have any questions or concerns, please reach out to us on [email protected].
Still can't find what you are looking for?
Raise a support ticket